Newsletter

The Department of Defense spent $407 billion on contracts and payroll in the U.S. in 2017, equal to $1,466 per resident. And while that money was spread around the 50 states, it wasn’t shared equally...

The federal deficit for fiscal 2019 is projected to climb to around $900 billion, or $118 billion more than last year, according to estimates from the Congressional Budget Office . Most of that total...

President Trump’s 2020 budget request released earlier this week projected a reduction in the national debt over a decade and a balanced budget in 15 years. But as many critics have pointed out (see...

Department of Defense officials haven’t kept track of more than $2 billion worth of government-owned equipment involved in producing the F-35 stealth jet, according to a report released this week by...

Senate Republicans are in a bind. President Trump on Wednesday refused to help them out of it. The Senate is slated to take up a resolution Thursday disapproving of Trump’s declaration of a national...

Time after time in recent years, Republican budget writers have tried harder than Olympic gymnasts to achieve balance. In a sometimes quixotic-seeming quest to wipe out the federal deficit within 10...